Earnings per Share

12 Months Ended

Dec. 31, 2022

19. Earnings per Share

Basic and diluted earnings per share were computed as follows:


	Years Ended December 31,
(in millions, except per share amounts)	2022		2021		2020
(Loss) earnings from continuing operations	$	(430.1)	$	150.2	$	2.9
Earnings from discontinued operations, net	—		0.2		3.7
Net (loss) earnings	$	(430.1)	$	150.4	$	6.6

Basic (loss) earnings per common share:
(Loss) earnings from continuing operations	$	(4.69)	$	1.63	$	0.03
Earnings from discontinued operations, net	—		—		0.04
Net (loss) earnings	$	(4.69)	$	1.63	$	0.07

Weighted-average shares outstanding	91.7		92.3		91.7

Diluted (loss) earnings per common share:
(Loss) earnings from continuing operations	$	(4.69)	$	1.59	$	0.03
Earnings from discontinued operations, net	—		—		0.04
Net (loss) earnings	$	(4.69)	$	1.59	$	0.07

Diluted weighted-average shares outstanding	91.7		94.7		92.9

The Company intended to settle the principal amount of the Notes in cash during all periods preceding settlement. The treasury stock method was used to calculate the dilutive effect of the conversion option on diluted earnings per share, if applicable. For the years ended December 31, 2022, 2021, and 2020, the weighted-average number of anti-dilutive potential common shares for stock-based awards excluded from the calculation of diluted earnings per share above was 3.4 million, 0.7 million, and 3.9 million, respectively.